🟢 Seagate Technology is trading 4.64% up today as analysts expect HDD supply to stay tight

Seagate Technology is trading at $888.36, with a +4.64% change, as analysts argue Toshiba’s planned HDD capacity expansion is unlikely to erase tight supply.

• The rebound follows Friday’s selloff, which was triggered by concerns over the expansion.
• Bernstein, Citi and Morgan Stanley expect tight HDD supply to persist through 2028.
• Seagate had gained about 1.6% premarket; supplied market indices showed no comparable broad-market rally. No fresh Seagate-specific announcement was identified.